Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) Shares Shorted: Short Interest Up 172.9% in October

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,528 shares, a growth of 172.9% from the September 30th total of 560 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 5,010 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Calamos Convertible Equity Alternative ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Client First Investment Management LLC acquired a new stake in shares of Calamos Convertible Equity Alternative ETF in the second quarter valued at approximately $3,189,000. Wealth Enhancement Trust Services Inc. bought a new stake in shares of Calamos Convertible Equity Alternative ETF in the 3rd quarter valued at about $44,000. Grantvest Financial Group LLC boosted its position in shares of Calamos Convertible Equity Alternative ETF by 6.8% during the third quarter. Grantvest Financial Group LLC now owns 11,967 shares of the company’s stock worth $555,000 after purchasing an additional 761 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in Calamos Convertible Equity Alternative ETF by 4.1% during the first quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock worth $549,000 after acquiring an additional 518 shares in the last quarter.

Calamos Convertible Equity Alternative ETF Stock Down 2.4%

Shares of Calamos Convertible Equity Alternative ETF stock traded down $1.06 during midday trading on Friday, reaching $43.16. 1,888 shares of the company’s stock traded hands, compared to its average volume of 8,783. The company’s 50 day simple moving average is $46.23 and its 200 day simple moving average is $46.41. Calamos Convertible Equity Alternative ETF has a 52 week low of $35.46 and a 52 week high of $54.09.

Calamos Convertible Equity Alternative ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, October 1st were given a $0.0778 dividend. The ex-dividend date was Thursday, October 1st. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.0667.

Calamos Convertible Equity Alternative ETF Company Profile

The Calamos Convertible Equity Alternative ETF (CVRT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a portfolio of US convertible securities with a high level of equity sensitivity. The fund seeks to deliver total return through capital appreciation and current income. CVRT was launched on Oct 4, 2023 and is issued by Calamos.